Philippines hits gas at Malampaya amid energy crisisMANILA, Philippines — Ferdinand Marcos Jr. on Thursday, March 26, announced that the Philippines has successfully struck gas in the Malampaya gas fields at the Camago-3 well. In a video statement, Marcos said that the Camago-3 well produces up to 60 million standard cubic feet of gas per day. “It is the second major milestone under our $893 million Malampaya Phase 4 campaign, and it is significantly larger than our first. Camago-3 holds an estimated 2.5 times more recoverable gas than the Malampaya East 1 discovery,” Marcos said. “So together, these two wells are projected to extend the life of the Malampaya gas field by an estimated six years,” he added,Marcos said that this discovery spells steadier and cheaper power, noting that Malampaya gas costs P4.80 per kilowatt hour, while imported liquefied natural gas costs P10.30.

Source: Philippine Star March 27, 2026 00:49 UTC